Baidu (BIDU)

Re: Baidu (BIDU)

Postby winston » Fri Oct 28, 2016 8:25 am

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Baidu: Core Search Remains Weak, Outlook Disappoints

By Shuli Ren

Baidu (BIDU) fell 1.4% in after-hours after reporting unimpressive third-quarter results and fourth-quarter outlook.

Excluding results from Qunar, revenue at Baidu rose 6.7% from a year ago to 18.25 billion yuan, roughly at the mid-range of the company’s guidance of 18.04-18.58 billion yuan.

Baidu’s core search business has been in trouble ever since a university student died after going for poor medical treatments advertised by Baidu.

Beijing has asked Baidu to revamp its search business with more functionalities on consumer protection. In the last quarter, the number of active online marketing customers at Baidu tumbled 11.8% to 524,000.

Baidu’s operating profit beat street estimates. Profit rose 11% from a year ago to 2.8 billion yuan, 18.5% above consensus. But this is only because Baidu spent less on advertising. Sales and marketing expenses fell 37% from a year ago.

Where is the growth? Baidu now sees its fourth-quarter revenue to be 17.84 to 18.38 billion yuan, or 2% decline to 0.9% growth from a year ago. The street had expected 19.6 billion yuan in revenue.

Source: Barron's Asia
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Re: Baidu (BIDU)

Postby winston » Sat Oct 29, 2016 10:29 am

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Baidu Inc ADR (BIDU) Stock Has a Brighter Future Than You Think

BIDU stock popped on Friday because investors read more than the headlines

By James Brumley

The top line was still down almost 1%, however — the first time in the company’s history year-over-year revenue has slipped.




Healthcare advertising up until that time accounted for roughly a fourth of the search engine’s ad revenue. The number of advertisers Baidu served during the quarter fell 11% from a year-earlier, to only 524,000.


Source: Investor Place

http://investorplace.com/2016/10/baidu- ... BQITfl96M8
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Re: Baidu (BIDU)

Postby winston » Wed Jan 04, 2017 3:29 pm

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Why Baidu Will Rebound In 2017

By Shuli Ren

Baidu (BIDU) tumbled over 10% in 2016 as the Chinese government cracked down on unethical search engine practices after a university student died from seeking questionable medical help on a site promoted by Baidu.

But according to China Renaissance, Baidu is set to rebound this year. The Chinese brokerage upgraded this stock to Buy with $204 price target, implying another 21% upside.

China Renaissance thinks Baidu can return to sales growth of 23% this year, versus only 6% in 2016. Its operating margin can improve to 20% from 16.3% in 2016.

As a result, Baidu’s profit could rise by 50% this year. In addition, there is “another potential 10%+ upside in the bottom-line if its newsfeed product performs strongly,” wrote analyst Ella Ji.

Ji thinks Baidu can rebound this year because regulatory headwind is starting to fade and Baidu is becoming more relaxed about search quality control again:

We understand that right after the issuance of the Interim Measures of Internet Advertisement Regulation on September 1st, Baidu applied a very tight internal screening.

As Baidu gains more control over the quality of search ads and its advertisers, we expect its internal screening going forward may more likely relax than tighten.

We anticipate its # of advertisers should trough in 4Q16 and rebound by a mid-teens percentage next year. In fact, some discussions with industry players indicated that Baidu’s internal screening of advertisements has become less tight since early November.

Our own searches on Baidu yielded results suggesting that it is starting to relax some of the more onerous restrictions. China’s online regulators can be very quick to censor sensitive material, so the fact that Baidu has been able to reintroduce certain ads to its search results suggests some regulatory willingness to relax regulations.

In addition to verifying advertisers’ registration, Baidu was ordered to reduce its ad load and ban advertising on certain keywords such as “the best,” prohibited because it may mislead consumers with unsubstantiated claims of quality. These two regulations on ad load and keywords seem to be starting to relax.

Source: Baron's Asia

http://blogs.barrons.com/asiastocks/201 ... d-in-2017/
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Re: Baidu (BIDU)

Postby winston » Mon May 01, 2017 8:57 pm

Baidu - Back To Growth, With Powerful Allies

Summary

Baidu reported good results and a promising guidance, showing the company is really back to growth.

Non-core divisions still weigh on profitability, but at least Transaction Services is expected to stop pushing margins down.

Investments for iQiyi's content remain high, but the recent partnership with Netflix makes me positive on the platform's future prospects.

Baidu's iQiyi is above the others, commanding an estimated 35% of the monthly time spent watching online video in China, compared to Alibaba's Youku-Tudou at 22% and Tencent Video at 13%, according to market research firm iResearch.

In this context of uncertainty, the recent licensing deal with Netflix (NASDAQ:NFLX) can only be seen as a positive factor.


Source: Seeking Alpha

https://seekingalpha.com/article/406709 ... ful-allies
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Re: Baidu (BIDU)

Postby winston » Thu Aug 24, 2017 2:47 pm

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The Strongest Stocks to Buy: Baidu (BIDU)

Baidu Inc (ADR) (NASDAQ:BIDU) is known by traders as the “Chinese Google.” Call it what you want, but BIDU has been one of the best-performing stocks on the planet over the past two months.

As is usually the case, the catalyst for its newfound strength was a better-than-expected earnings release.

Since then, Baidu shares have been digesting their gains and working through the overbought conditions.

With the 20-day moving average now caught up, and the broader stock market seeming to find its footing, the time for Baidu’s next advance is at hand.

Currently, BIDU sits 11% away from its all-time highs notched in 2014.

The stock is a buy on a breakout over $230 with a stop-loss below $216.

Source: Options Analytix
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Re: Baidu (BIDU)

Postby winston » Wed Aug 30, 2017 3:30 pm

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China Stocks To Buy: Baidu (BIDU)

Shares in Baidu Inc (ADR) (NASDAQ:BIDU), the ‘Google of China’, have exploded from $190 to $220 in the last three months.

Baidu is the No. 1 search engine in China and it is benefiting from China’s online advertising market surge. In the last month alone, two analysts have upgraded the stock from Hold to Buy.

Meanwhile, BIDU is busy reaffirming its tech focus with the launch of a $1 billion tech fund alongside China Life. The sale of its Xiaodu food delivery subsidiary to Rajax for $800 million will also help streamline Baidu’s business.

Five-star Oppenheimer analyst Jason Helfstein recently reiterated his BIDU buy rating and ramped up his price target from just $200 to $250. The new price target translates into a sweet 11% upside from the current share price. Helfstein says:

“We think key drivers include increasing number of paid clicks, higher conversion rates, and higher cost-per-click (CPC). The penetration of smartphones in China, especially in lower tier cities, provides another strong revenue stream for BIDU as it starts to monetize mobile search separately.”

He is also excited by BIDU’s extensive research and development into the hottest industries right now: driverless cars and artificial intelligence.

Indeed, the ‘Strong Buy’ stock has just launched DuerOS. This is its first AI assistant that can follow you from device to device.

Its Apollo driverless platform, which has more than 50 partners, including Ford Motor Company (NYSE:F) and Daimler AG (ADR) (OTCMKTS:DDAIY), will “rely on big data and deep learning technology, to let the car know you better.” Frightening … but potentially effective.

Source: Investor Place
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Re: Baidu (BIDU)

Postby winston » Thu Sep 14, 2017 7:41 pm

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ANOTHER CHINESE TECH COMPANY TAKES OFF

Yet another China-based technology stock is soaring high...

As regular DailyWealth readers know, Steve has been bullish on Chinese stocks for years. He expects billions of dollars to flow into Chinese companies, especially in the technology sector. And one of his favorite stocks is on a tear...

Baidu (BIDU) is China's version of Google. It owns the second-largest search engine in the world, handling more than 70% of web searches in China. But this tech firm is just getting started...

The company is expanding into self-driving cars with its Apollo platform, which will provide software and "cloud" infrastructure to the vehicles. It hopes to achieve full autonomous driving by 2020.

As you can see in the chart below, Baidu's shares are up about 45% since January. Most of that rally followed a glowing second-quarter earnings release, where profit before interest and taxes rose by nearly 47% over the prior year, and total revenue grew by 14%. Steve's bet on Chinese tech companies continues to be a great call...

Source: Daily Wealth
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Re: Baidu (BIDU)

Postby winston » Sat Oct 21, 2017 5:35 pm

Baidu Inc (ADR) (BIDU) Stock Still Has Plenty of Upside

BIDU stock has its sights set on $300

By Matt McCall

Earnings are expected to increase 24.4% in 2017


Earnings growth in 2018 and 2019 is expected to come in just under 30% annually, which leaves the stock trading at approximately 28X forward earnings with a PEG ratio around 1.

The stock will hit $300 in the next six months. The key now is timing the right entry.


Source: Money Wire

https://investorplace.com/2017/10/baidu ... esUCGiCyM8
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Re: Baidu (BIDU)

Postby winston » Fri Oct 27, 2017 1:44 pm

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Baidu revenue outlook hit by Congress meeting, shares tumble

By Cate Cadell

BEIJING (Reuters) - Chinese search engine giant Baidu Inc (NASDAQ:BIDU) offered a
disappointing revenue outlook for the rest of the year, blaming lost advertising sales during
this month's Communist Party Congress and sending its shares sliding more than 10 percent.

Baidu, which is seeking to get back on a firmer footing after a series of setbacks, said companies had reined in marketing to show respect as Beijing held the sensitive gathering where it reaffirmed the position of President Xi Jinping.

It predicted fourth-quarter revenue growth of 22 percent to 29 percent from a year earlier, below an average analyst forecast of 36 percent from Thomson Reuters I/B/E/S.

For the third-quarter, it logged 29 percent growth in revenue to 23.49 billion yuan
($3.5 billion), in line with expectations.

The sale of its loss-making food delivery unit to a company backed by rival
Alibaba (NYSE:BABA) Group Holding Ltd, will also mean loss of revenue, said Baidu's Chief Financial Officer Herman Yu.

Baidu's U.S.-listed shares plummeted more than 10 percent to $234 in extended trading,
even though the company posted a 69 percent jump in operating income to 4.7 billion yuan ($707 million) in the quarter just ended.

Net income more than doubled to 7.9 billion yuan, helped by the sale of its food-delivery business.

In a further sign that its progress in recovery has been quite slow, Baidu said its ad business
had 486,000 active online marketing customers in the third-quarter, a 3 percent gain from
the previous quarter but still down 7 percent from a year earlier.

During last year's shake up, Baidu also launched a news feed product which it says surpassed
$1 billion in cumulative revenue this quarter, amid tough competition from Weibo Corp,
Tencent Holdings Ltd and popular start-up Toutiao.

Source: Reuters

https://www.investing.com/news/technolo ... les-548790
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Re: Baidu (BIDU)

Postby winston » Fri Oct 27, 2017 1:51 pm

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Baidu's Profit More Than Doubles, but Guidance Falls Short -- Update

By Alyssa Abkowitz in Beijing and Maria Armental in New York

Baidu Inc.'s big jump in profit didn't please investors, who reacted sourly to missed revenue estimates and sent shares of its American depositary receipts tumbling 10% to $234 after hours.

The company's revenue rose 29% to 23.49 billion yuan, or $3.53 billion--within the company's own guidance, but below Wall Street's expectations of 23.64 billion yuan, according to analysts surveyed by Thomson Reuters.

Baidu's net income surged to 7.95 billion yuan from 3.10 billion yuan a year earlier, thanks to the sale of Baidu Waimai--the company's food-delivery business--to Alibaba Group Holding Ltd.-backed Ele.me this summer.

Baidu is China's dominant search engine, but in recent years it has expanded into self-driving cars, video-streamed entertainment and voice-assisted products, as it strives to keep pace with its faster-growing internet rivals, Alibaba and Tencent Holdings Ltd.

Baidu's also feeling the heat from newer outlets, such as news aggregator Jinri Toutiao.

On a conference call with analysts, Baidu executives stressed the importance of the firm's voice-assisted products and its open-source autonomous driving platform as future growth drivers, but cautioned that the returns from these AI products will take years to come.

Research and development costs reached 3.24 billion yuan in the latest period, up 24% from a year ago. Baidu has pledged to deliver a self-driving bus by the end of next year and fully autonomous cars by 2021, and has been investing heavily.

Baidu's video-streaming platform, iQiyi, earned strong viewership from original content, such as reality-show "The Rap of China" producing 2.7 billion views during the first season. But rising content costs, which jumped 76% from a year earlier, weighed down Baidu's results.

The company also said it didn't stream some of its most popular series in the past week out of respect for the 19th Party Congress, China's twice-a-decade political meeting that determines leadership for the next five years.

The move could have an effect on the company's current quarter, for which Baidu projected revenue of 22.23 billion yuan to 23.41 billion yuan--below analysts' estimates of 24.78 billion yuan.

Source: Business Insider

http://www.foxbusiness.com/features/201 ... pdate.html
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